Co-funded by the UK government’s R&D department, Millicent, a distributed ledger fintech business, has completed the world’s first test of a Full-Reserve Digital Currency (FRDC). With Millicent’s FRDC, the central bank receives 100% of the collateral in the form of liquid ‘cash’ deposits held in a ringfenced account under the
SOUTH BEND, Indiana, 23rd June, 2022, Chainwire SIMBA Chain, the leading provider of blockchain enterprise solutions, has announced the launch of its new non-fungible token (NFT) marketplace SIMBA Market. The platform, which will feature collections from a variety of well-known names in sports and entertainment from the outset, will
Billy Markus made a tweet describing his opinions on crypto and its users. Elon Musk replied to the tweet showing the support and mentioned it to be currency-like. The Dogecoin co-founder Billy Markus has made a tweet describing his wish for the dogecoin and the community which follows it. And
Colombia is now in the midst of its election cycle. Customers’ interactions in Colombia are also regulated and controlled by other entities. Latin American governments are waking up to the growing importance and impact of the cryptocurrency and blockchain sector. Some countries are working quickly to regulate crypto exchanges to
Cryptocurrency is a value reservoir, unaffected by fiat and government policy instruction. Russia’s central bank accepts crypto payments. To defend against Russia’s invasion of Ukraine, many corporations have withdrawn from the country and all western countries banned financial services to Russia but still, top crypto exchanges are supporting financial services
VILNIUS, Lithuania, May 26th, 2022 – Cabital, a leading digital assets institution, announced that it has added the Vietnamese Dong (VND) to its growing list of supported fiat currencies, including GBP, EUR and CHF. Cabital users in Vietnam can now deposit VND instantly through their ATM Cards, and easily convert
Tesla said in an SEC filing that it thinks crypto assets have a long-term future. Tesla has about $1.3 billion in bitcoin on hand as of February. Elon Musk has long been a proponent of crypto. On the same day last year, he tweeted about his thoughts on cryptocurrency and
Based on analytic data showing a tiny fraction of illegal adoption, Binance CEO and founder Changpeng “CZ” Zhao believes that cryptocurrencies are safer than fiat money. Crypto is safer than fiat. Chainalysis: Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021. United Nations: estimated money laundered
Instant settlements are possible with cryptocurrencies, unlike conventional payments. Fiat money must be very stable and managed to maintain legal tender status. Coins like Bitcoin and Ethereum are becoming a worldwide phenomenon, with some even suggesting that they may one day replace fiat currencies entirely in the future. As the
Because the world of cryptocurrencies is continuously changing, it can be difficult to establish which projects are worth investing in. Nevertheless, we are going to introduce a project which has progressively grown to the point that many actively believe it to be a potential long-term investment. The crypto asset in
